Bulgaria’s Rural Development Program 2014-2020 Conclusively Approved

The European Commission has notified Bulgarian authorities about the conclusive approval of the Rural Development Program 2014-2020, according to Agriculture Minister Desislava Taneva.

Taneva announced Wednesday that agricultural businesses in Bulgaria would be able to access support amounting to EUR 1.111 B under the program, adding that investments in the environment, including organic farming, stood at EUR 919 M, while the resources under the program for the development of public infrastructure in villages under the Leader approach totaled EUR 750 M.

Bulgaria’s Agriculture Minister, as cited by econ.bg, reminded that the government had decided to open ahead of term measure 4.1 of the as-yet unapproved Rural development Program for financial assistance to investments in agriculture.

She said that projects worth over BGN 1.1 B had been submitted under the measure since April 14, adding that the submission deadline was June 8.

Taneva made clear that the total budget of the program by 2020 amounted to EUR 2.9 B, including EU funding of EUR 2.3 B, with the remainder to be provided as co-financing from the state budget.

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